Net flows on external debt, private nonguaranteed (PNG) (NFL, current) in Bhutan
Bhutan: Net flows on external debt, private nonguaranteed (PNG) (NFL, current) was 17.01 million NFL, current US$ in 2025. ◆ Volatile
Net flows on external debt, private nonguaranteed (PNG) in Bhutan, 2011–2025
Source: International Debt Statistics, World Bank (WB). Measured in NFL, current US$.
Analysis
The most recent figure for net flows on external debt, private nonguaranteed (png) in Bhutan is 17.01 million NFL, current US$, measured in 2025.
That represents a change of up 173.7% on the previous year and down 69.6% over ten years.
Over the whole period, net flows on external debt, private nonguaranteed (png) in Bhutan peaked at 55.88 million NFL, current US$ in 2015 and was at its lowest, -23.08 million NFL, current US$, in 2024.
That places Bhutan 49th out of 94 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net flows on external debt, private nonguaranteed (PNG) (NFL, current) in Bhutan, year by year
| Year | NFL, current US$ | Change |
|---|---|---|
| 2011 | 9.88 million NFL, current US$ | — |
| 2012 | -2.46 million NFL, current US$ | -124.8% |
| 2013 | -1.87 million NFL, current US$ | -23.7% |
| 2014 | -2.35 million NFL, current US$ | +25.6% |
| 2015 | 55.88 million NFL, current US$ | -2475.0% |
| 2016 | 3.17 million NFL, current US$ | -94.3% |
| 2017 | -4.68 million NFL, current US$ | -247.9% |
| 2018 | -531,000 NFL, current US$ | -88.7% |
| 2019 | -4.17 million NFL, current US$ | +685.1% |
| 2020 | -10.10 million NFL, current US$ | +142.2% |
| 2021 | 2.50 million NFL, current US$ | -124.8% |
| 2024 | -23.08 million NFL, current US$ | -1022.3% |
| 2025 | 17.01 million NFL, current US$ | -173.7% |
Bhutan compared with similar countries
- Bhutan's 17.01 million NFL, current US$ is above the median for lower middle income countries, which is -877,000 NFL, current US$. (36 countries reporting)
- Bhutan's 17.01 million NFL, current US$ is above the median for South Asia, which is -20.73 million NFL, current US$. (6 countries reporting)
Biggest year-on-year movements
Years where Net flows on external debt, private nonguaranteed (PNG) (NFL, current) in Bhutan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | +2475.0% | -2.35 million NFL, current US$ | 55.88 million NFL, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.87 million NFL, current US$ | -4.68 million NFL, current US$ | 55.88 million NFL, current US$ | 9 |
| 2020s | -3.42 million NFL, current US$ | -23.08 million NFL, current US$ | 17.01 million NFL, current US$ | 4 |
Countries ranked near Bhutan
- 46 Cameroon 39.55 million NFL, current US$ compare
- 47 Indonesia 35.30 million NFL, current US$ compare
- 48 South Africa 28.91 million NFL, current US$ compare
- 50 Algeria 14.82 million NFL, current US$ compare
- 51 Solomon Islands 11.56 million NFL, current US$ compare
- 52 Belize 8.39 million NFL, current US$ compare
More external debt data for Bhutan
- IFC, private nonguaranteed (NFL, US$), per capita 0 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 0 NFL, US$ per square kilometre (2023)
- Net financial flows, IDA (NFL, current US$), per capita -7.57 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP -0.0018 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IDA (NFL, current US$), per square kilometre 1,171 NFL, current US$ per square kilometre (2023)
- Use of IMF credit 34.98 million DOD, current US$ (2025)
- External debt stocks, public and publicly guaranteed (PPG) 3.28 billion DOD, current US$ (2025)
- External debt stocks, long-term 3.32 billion DOD, current US$ (2025)
- External debt stocks, short-term 4.29 million DOD, current US$ (2025)
Frequently asked questions
- What is net flows on external debt, private nonguaranteed (png) in Bhutan?
- Net flows on external debt, private nonguaranteed (png) in Bhutan was 17.01 million NFL, current US$ in 2025, according to International Debt Statistics, World Bank (WB).
- What is the highest net flows on external debt, private nonguaranteed (png) recorded in Bhutan?
- The highest recorded value was 55.88 million NFL, current US$ in 2015.
- What is the lowest net flows on external debt, private nonguaranteed (png) recorded in Bhutan?
- The lowest recorded value was -23.08 million NFL, current US$ in 2024.
- How does Bhutan rank for net flows on external debt, private nonguaranteed (png)?
- Bhutan ranks 49th out of 94 countries with data for 2025.
- Is net flows on external debt, private nonguaranteed (png) rising or falling in Bhutan?
- Over the last ten years it is down 69.6%. The long-run trend across the full record is volatile.
- Where does this Bhutan data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$). Statizoid updates them automatically from the source API.
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About this data
Private nonguaranteed external debt is an external obligation of a private debtor that is not guaranteed for repayment by a public entity. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents by residents of an economy and repayable in currency, goods, or services. Data are in current U.S. dollars.